It happened at the esteemed Indian Institute of Technology (IIT), Hyderabad. A flagship event of the Ministry of Education, IInvenTiv 2024 brought together a harmonious convergence of industry stakeholders and academia.

This patented technology, recognized in the United Kingdom, India, and China, effectively addresses two critical challenges: biodegradation and health hazards.

Agreement

The agreement, signed on 19 January 2024, involved Prof. B.S. Murty, Director, IIT Hyderabad, and Dr. Sandip Patil, Director, E-Spin Nanotech.

Milestone

This milestone aligns with the vision of the Minister of Education and Skill Development & Entrepreneurship, Government of India, Shri Dharmendra Pradhan.

During his address at IIT Hyderabad, he said, “India, a cradle of innovation, stands poised at the forefront of a transformative era where groundbreaking ideas will be the hallmark of leadership.

The nation is resolutely charting its course into the realm of Industry 4.0, propelling progress through unparalleled research and innovation, he said speaking at IInvenTiv 2024.

Technology Transfer

Speaking about the technology transfer, Prof. Chandra Shekhar Sharma, Lead researcher of the technology and Dean, Sponsored Research & Consultancy, IIT Hyderabad, said, “I am glad to reach to this stage today through IInvenTiv 2024 platform.

It took us little more time just because nanofiber technology was too premature for industrial scale production when this invention took place, he said speaking at IInvenTiv 2024.

Besides Ministry of Education, I also acknowledge Ministry of Textiles for their support to build this partnership with E-Spin Nanotech Pvt Ltd to make this journey from Invention to Innovation successful.

We are quite excited to have this user and environment friendly feminine hygiene product in the market in the months to come, he said.

This convergence aimed at propelling students to new heights of scientific and technological advancements, sowing the seeds for the nation’s future, say sources from IInvenTiv 2024.

The highlights included:

Affordable Healthcare – This panel discussion delved into discussions surrounding the growth potential within this domain.

While emphasizing the need to harness industry support, the conversation highlighted the significance of building innovations and identifying blind spots through market-specific innovations that are cost-effective, high-impact, and have an enhanced outreach.

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The discussion concluded by identifying India’s vast potential for affordable healthcare products and the collective responsibility of both the industry and academia to collaborate in building and promoting products that would cater to all sections of society.

Agriculture & Food Processing – Engaging conversations revolved around the requirement for technology specifically tailored to rural conditions.

The impact of rising costs of cultivation, including procurement of seeds, machinery, and fertilizers, among others, on both small and marginal farmers were discussed along with the non-economical nature of this sector due to its labour intensive processes and comparatively lower returns.

This called for the Ministry’s attention on leveraging AI and IoT for advancements in agriculture and food processing.

Defense & Space – This discussion highlighted a range of perspectives and strategies to foster disruptive innovations in these critical sectors.

It was noted that there is a scope to increase India’s contribution towards the $400 billion space business.

Thus the need for strategic initiatives to enhance India’s market share in the global space industry with emphasis on material science and technology as a mantra for growth in manufacturing defence equipment.

Industry 4.0 – Several discussions were centered around the idea of maximizing indigenization, integrating data-driven and machine learning approaches, and the importance of adapting education curricula to support innovation.

There were suggestions to adhere to a practical and forward-thinking approach for adapting to the present requirements through the remodelling of knowledge and skills, understanding data and continuous learning in the context of evolving technologies.

Sustainable Technologies – This panel shed light on the crucial role of responsible consumption and production in achieving sustainability, with a specific focus on sustainable technologies.

There was reiteration on using resources efficiently to minimise waste and environmental impact.

Thus optimizing production processes, reducing material use, and enhancing overall resource efficiency.

The opportunity for India to become a global leader in recycling was identified, along with the need to build intellectual property around innovative recycling technologies.

Turning inventions from these institutes into value-added innovations requires an intimate collaboration between these stakeholders, thereby contributing to economic growth and job creation, he said speaking about significance of IInvenTiv 2024.

At Applied Materials, we work with several educational and research institutes, and I am delighted to be at IInvenTiv 2024 to explore collaborations in the areas of energy and environment, AI, IoT, Industry 4.0, green energy.

‘I congratulate the team at IIT Hyderabad for putting up such an insightful innovation fair that brings together academia and industry.’

Innovation to Impact

Speaking about linking Innovation to Impact, Prof. Bhallamudi Ravi, Director, NIT Karnataka, Surathkal, said in the journey from conceptualization and development to prototyping, every technology or innovation undergoes these crucial steps to reach its final product.

However, for these advancements to make a substantial impact at a larger scale, events like IInvenTiv 2024 play a pivotal role in bridging the gap and fostering meaningful connections between innovators and industries.

Disruptive Innovations

Speaking about fostering disruptive innovations, Prof. Govindan Rangarajan, Director, IISc Bangalore, said, “To promote disruptive innovations, it is crucial to create an environment that embraces change, encourages out-of-the-box thinking, and provides resources and platforms for individuals to explore unconventional ideas, ultimately driving transformative advancements in the industry.

IInvenTiv 2024 stands as a testament to this ethos, offering a dynamic platform catalyzing transformative changes across various sectors, he said.

Indigenization

Emphasasing on maximising indigenization, localisationm and self-reliance of Industry 4.0, Prof. V. Kamakoti, Director, IIT Madras, said we must start looking at smaller aspects, and individual components have to be made locally for us to be truly Atmanirbhar.

This approach ensures a holistic strategy, where the local production of each component contributes to the overall goal of building a self-sufficient ecosystem, he said.

Industries

Several industries actively participated in IInvenTiv 2024, contributing to the event’s success. Enthusiastic collaboration with these industries holds the potential for translating innovative ideas from participating institutes into reality.

Notable collaborations included an MOU signed between industry titans and academic trailblazers, facilitating the transfer of cutting-edge technology.

Students

Along with this, the second half of the day witnessed participation from students from regional secondary and higher secondary educational Institutions providing them a unique opportunity to witness the latest breakthroughs in technology and research, say sources from IInvenTiv 2024.

Education

This global innovation platform underscored the pivotal role of education in nation-building, making a significant contribution to the development of the country.

The collaboration fostered by IInvenTiv 2024 has become a cornerstone of progress, enabling our nation’s vision of Atmanirbhar Bharat.

Often it is seen that students come forward with great enthusiasm to step into the realms of higher education, but confusion as to what course to study often puts a students in a fix.

The story will deal with similarities, differences, eligibility and career prospects and so on in connection with MBA and MCom.

Those desiring to know more about MBA or MCom can browse various sources in online and offline fronts for in-depth information. Details are mentioned below for the sake of the students:

MBA or MCom in 2025? Similarities and Differences

While both courses share some similarities, they have distinct differences in terms of their focus, curriculum, and career prospects.

Similarities

1. Postgraduate degrees: Both MBA and MCom are postgraduate degrees that require a bachelor’s degree as a prerequisite.

2. Duration: Both courses typically have a duration of two years.

3. Theoretical and practical learning: Both courses offer a mix of theoretical and practical learning, with a focus on developing analytical, problem-solving, and communication skills.

Differences

1. Focus: MBA focuses on business management and administration, covering topics like finance, marketing, human resources, and operations. MCom, on the other hand, focuses on commerce and trade, covering topics like accounting, taxation, and financial management.

2. Curriculum: The curriculum for MBA and MCom differs significantly. MBA courses include subjects like organizational behavior, business strategy, and entrepreneurship, while MCom courses include subjects like advanced accounting, taxation laws, and financial management.

3. Career prospects: MBA graduates can pursue careers in management, consulting, finance, and entrepreneurship, among others. MCom graduates can pursue careers in accounting, taxation, financial management, and research, among others.

4. Entrance exams: The entrance exams for MBA and MCom also differ. MBA entrance exams like CAT, XAT, and GMAT are highly competitive, while MCom entrance exams like DUET, BHU PET, and JNU CEE are relatively less competitive.

5. Specializations: MBA courses offer a range of specializations like finance, marketing, human resources, and operations, while MCom courses offer specializations like accounting, taxation, and financial management.

MBA or MCom in 2025? Consider these factors

When choosing between MBA and MCom, consider the following factors:

1. Career goals: What are your career aspirations? If you want to pursue a career in business management, MBA might be the better choice. If you want to pursue a career in commerce and trade, MCom might be the better choice.

2. Interests: What are your interests? If you’re interested in business and management, MBA might be the better choice. If you’re interested in commerce and trade, MCom might be the better choice.

3. Skills: What are your skills? If you have strong analytical and problem-solving skills, MBA might be the better choice. If you have strong numerical and accounting skills, MCom might be the better choice.

Ultimately, the choice between MBA and MCom depends on one’s individual goals, interests, and skills.

Eligibility

There is more to it than meets the eye as far as MBA or MCom in 2025 is concerned. One of them is the eligibility criteria. Who can choose what course, MBA or MCom in 2025? The answers are below:

MCom

Those deciding for go for MCom in MBA or MCom in 2025 must fulfill the eligibility mentioned below:

1. Bachelor’s degree: You must have a Bachelor’s degree in Commerce or a related field (like BCom, BBA, or BBM) from a recognized university.

2. Minimum percentage: You must have secured a minimum percentage (usually 50% to 60%) in your Bachelor’s degree.

3. Entrance exams: Some universities require you to pass entrance exams like DUET, BHU PET, or JNU CEE.

MBA

Those who want to go for MBA, in MBA or MCom in 2025 have to have the criteria specified below:

1. Bachelor’s degree: You must have a Bachelor’s degree in any discipline (like BA, BSc, BCom, BTech, etc.) from a recognized university.

2. Minimum percentage: You must have secured a minimum percentage (usually 50% to 60%) in your Bachelor’s degree.

3. Entrance exams: Most MBA programs require you to pass entrance exams like CAT, XAT, GMAT, or MAT.

4. Work experience: Some MBA programs require or prefer candidates with work experience (usually 1-2 years).

Additional Requirements

1. Language proficiency: Some universities may require you to demonstrate language proficiency in English, especially if you’re an international student.

2. Other certifications: Some MBA programs may require or prefer candidates with additional certifications like CA, CS, or CFA.

As far as the information above in connection with MBA or MCom in 2025 is concerned, the above mentioned skills can be of use in both MBA and MCom, these skills will be of added advantage for students of both the courses.

Colleges for MBA or MCom in 2025

MBA or MCom in 2025 is the topic of discussion and then question that comes into one’s mind is that what are the some of the well-known colleges for studying MBA or MCom. The answer is mentioned below:

– Mumbai University, Mumbai: Offers a comprehensive MCom program with specializations in Accounting, Finance, and Management.

– University of Madras, Chennai: One of the oldest and most prestigious universities in India, offering a well-structured MCom program.

– University of Calcutta, Kolkata: A highly respected institution with a long history of academic excellence, offering a comprehensive MCom program.

– Osmania University, Hyderabad: A renowned institution in southern India, offering a well-structured MCom program with various specializations.

Other notable colleges offering MCom programs include:

– Banaras Hindu University (BHU), Varanasi

– Aligarh Muslim University (AMU), Aligarh

– Jamia Millia Islamia, New Delhi

– Panjab University, Chandigarh

– University of Pune, Pune

These colleges offer a range of specializations, including Accounting, Finance, Management, and more.

It’s essential to research each college’s program, faculty, and placement opportunities to find the best fit for your academic and career goals.

MBA

IIMs

– IIM Ahmedabad

– IIM Bangalore

– IIM Calcutta

– IIM Lucknow

– IIM Indore

Non-IIMs

– Faculty of Management Studies (FMS), Delhi

– XLRI Jamshedpur

– SP Jain Institute of Management & Research (SPJIMR), Mumbai

– Management Development Institute (MDI), Gurgaon

– Indian School of Business (ISB), Hyderabad

Other notable colleges

– Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

– Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay

– Department of Management Studies (DMS), IIT Delhi

– Vinod Gupta School of Management (VGSoM), IIT Kharagpur

Fees

What else is required when it is about MBA or MCom in 2025? The fees, it is about the money one has to pay to study the course. The fees for both the courses are mentioned below for the sake of the students:

MCom

– Government Colleges: ₹1,000 to ₹5,000 per year

– Private Colleges: ₹10,000 to ₹50,000 per year

– Distance Education: ₹8,100 to ₹16,200 for the entire 2-year program

Some specific examples of MCom fees in top colleges in India are:

– Shri Ram College of Commerce: ₹50,000

– Hindu College: ₹25,800

– Hansraj College: ₹26,074

– Loyola College: ₹14,830

– Madras Christian College: ₹27,257

MBA

– IIMs: ₹17 lakh to ₹27 lakh

– Top Private Colleges: ₹10 lakh to ₹30 lakh

– Government Colleges: ₹1 lakh to ₹5 lakh

– Distance Education: ₹1.5 lakh to ₹2 lakh

Some specific examples of MBA fees in top colleges in India are:

– IIM Ahmedabad: ₹26.5 lakh

– IIM Bangalore: ₹26 lakh

– IIM Calcutta: ₹27 lakh

– XLRI Jamshedpur: ₹11.31 lakh

– FMS Delhi: ₹2.32 lakh

Keep in mind that these fees are subject to change and do not include additional expenses such as hostel fees, study materials, and other living expenses.

The fees are subject to change due to various reasons, students can visit the official websites of the institutions or can visit the institutions in person to know more about the fees.

Conclusion

MBA or MCom in 2025 are both courses with their own set of unique features, students can decided depending on their interest and career focus. A career in commerce can gets a boost on study of MCom, a career in corporate world or management world can be boosted through an MBA.

Choice between MBA or MCom in 2025 can be done considered the experience from professionals who have already proved their mettle in commerce or management sectors. Candidates also have to remember to have the required financial viability to study the courses.

Some of the institutions may be offering scholarships, candidates aiming for MBA or MCom in 2025 can also apply for these scholarships. The information can also be obtained from various online or offline sources with regards to MBA or MCom in 2025.

Also Read – Studying MCom in India in 2025: Know All About It